You want to buy the property - not the problems - so if you're considering taking the tenants, have your contract stipulate that you will be given the lease contracts and rent rolls within 3 days of executed contract and retain the right to cancel with return of escrow should the tenants not be acceptable to you.

We've maintained a good relationship and have decided to retain ownership and rent the unit out to earn passive income.

I ended up wanting a larger unit in the same complex so I retained this home and converted it to a rental property How did you find this deal and how did you negotiate it?

Secondly, it can help you attract and retain high-quality tenants, and thirdly, it can save you money in the long run by preventing costly repairs and legal issues.Safety and Well-being of TenantsAs a landlord, it is your responsibility to provide a safe and habitable living space for your tenants.

I'd love to be there for the tender opening one day.Matt:It may be different in Ontario, but here there is a 90-day period after the tax sale when the owner still has the option to pay their tax bill and penalties to retain possession.  

You believe that you're entitled to retain the power to not pay.

You retain autonomy over your journey while benefiting from their hard-earned experience and connections.Real estate investing is challenging without proper guidance.

1) We did some design adjustments towards the end of the design phase to give the co-living rooms more privacy. 2) This lot is sloped and requires retaining wall.

If they have a real good answer as to why they didn't act on this right away, it MAY be worth retaining them.

You are suggesting people spend money on a bankruptcy lawyer, and a retainer to keep one from what it sounds like, to help manage debt?